Technical analysis of Major Markets, F/X, and anything that can be traded
This is my diary for trading
Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.

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Mood!

Friday, May 4, 2012

DAX end of week look

DAX weekly looks to be close to a critical level; 6470, a break below and the UPTREND will be broken. This could induce a short (in time) but sharp (in price) sell off which would

a. deflate the bullish sentiment
b. encourage the bearish sentiment.

Keep eye on sentiment , when the bearish side gets too noticeable, be ready to reverse and BUY!

For now sell rallies stop above 6785..or drill down to lower time frame for lower stop levels.